After building several predictive models to identify potential financial fraud, Juan needs to select the best model based on its performance. Which phase of the CRISP-DM framework is Juan most…

The correct answer is C. Evaluation. The Evaluation phase in the CRISP-DM framework involves assessing the performance of the built models to determine which one best meets the business objectives and success criteria. This phase includes reviewing the models, comparing their effectiveness, and deciding the best…

Operations and Processes

Question

After building several predictive models to identify potential financial fraud, Juan needs to select the best model based on its performance. Which phase of the CRISP-DM framework is Juan most likely in?

Options

AData understanding
BModeling
CEvaluation
DDeployment

How the community answered

(25 responses)

A
8% (2)
C
88% (22)
D
4% (1)

Explanation

The Evaluation phase in the CRISP-DM framework involves assessing the performance of the built models to determine which one best meets the business objectives and success criteria. This phase includes reviewing the models, comparing their effectiveness, and deciding the best model to move forward with.

Topics

#CRISP-DM#evaluation phase#data science process#model selection

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